Tapestry Q2 Beats Estimates, Analysts Probe Growth Outlook

Earnings

โดย Yahoo Finance·

Summary · why it matters

Tapestry reported second-quarter revenue of $1.88 billion, in line with analyst estimates, and adjusted EPS of $1.32, beating expectations by 3.4%, while adjusted EBITDA reached $407.2 million, a 6.4% beat. Despite steady growth and improved profitability, the stock fell as investors weighed moderating growth expectations. On the earnings call, analysts from JPMorgan, Morgan Stanley, Wells Fargo, Evercore, and BTIG questioned management about the full-year guidance moderation, unit versus average unit retail growth, North America normalization, gross margin and tariff impacts, and international strategy in Europe and China. CEO Joanne Crevoiserat emphasized intentional choices and disciplined execution, while Coach CEO Todd Kahn highlighted a focus on quality sales without heavy discounting. CFO Scott Roe noted structural drivers remain supportive despite quarterly lumpiness from tariffs. Management also pointed to strong customer acquisition among Gen Z and continued traction in core leather goods as key growth drivers.

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